Effectiveness of Microfinance Institutions on Rural Poor Households and its Impact on Reduction of Poverty A Tool for Socio Economic Development in Rural India

摘要

The main aim of the study to understand thesocio economic factors of rural poor households that leadsto lending of funds from microfinance institutions, toanalyze the impact of microfinance on the income of ruralpoor households living in villages of Gurgaon district inHaryana. The study also investigates the importance androle of microfinance in the reduction of poverty amongthe rural poor households of Gurgaon district. This studyinvestigates the socio economic growth of microfinancesector among the rural poor households living in thevillages of the Gurgaon district of Haryana and also theframework of microfinance programs for rural poorhouseholds. To cater the need of the research, theresearchers have used primary data through selfconstructedstructured questionnaire and as far as thesecondary data is concerned that was obtained fromvarious reports, web sites and journals, etc. The study isexploratory in nature and studied using panel and pooleddata. A systemized and organized study was done to reachthe desired objectives of the study. The responsesobtained from the respondents, i.e., villagers from 50villages of Gurgaon district in Haryana using variousstatistical techniques. Purposive and Judgment samplingtechnique was used to gather data from the respondents.SAS (Statistical Analysis Software) Version 9.2 and SPSSVersion 21 are used for data analysis which includesregression analysis, OLS regression model, Logit andProbit models of regression. The significance of this studyis that it focuses on exploring the Socio Economic Growthof Microfinance Sector in India and framework ofMicrofinance Programme in Rural Poor Households ofIndia and understanding the socio economic factors ofrural poor households leading to lending of funds frommicrofinance programs.